Sản phẩm & Rủi roCâu 101 / 398
A municipal bond described as 'triple tax-exempt' provides interest that is free from:
a.Federal, capital gains, and estate taxes
b.Only state and local taxes
c.Federal income tax and the alternative minimum tax only
d.Federal, state, and local income taxes for residents of the issuing state
Giải thích
'Triple tax-exempt' means the bond's interest escapes federal income tax as well as state and local income taxes, which typically applies when an investor lives in the state (and sometimes locality) issuing the bond. Capital gains from selling a muni are still taxable, so the exemption applies to interest, not to gains.
Trích dẫn luật: MSRB RulesLuyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A revenue bond is distinguished from a general obligation bond because a revenue bond is repaid from:
- A primary tax advantage of most municipal bonds is that their interest is:
- For which investor is a tax-exempt municipal bond generally MOST suitable?
- A city wants to finance a new municipal water and sewer system, and plans to repay bondholders only from the fees charged to users of that system. Which type of bond is this?
- A key tax feature of a direct participation program (DPP) is that it:
- In a direct participation program organized as a limited partnership, the limited partners:
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